When most people think about setting up a new merchant account, one of their questions inevitably involves how to accept credit cards for their business.
For a retail merchant account, the choice is pretty straightforward.
You will need a credit card terminal to process your customer’s transactions.
On a side note, this isn’t as expensive as you might think. You can find a full line of free credit card terminals (including wireless credit card terminals), free electronic cash registers and POS systems.
But if you are not usually accepting payments from your customers or clients face to face, a virtual terminal might be the right choice for you.
So what is a virtual terminal and how does it work?
Virtual Terminals
To process payments with a virtual terminal, you need a merchant account and a gateway.
As the term “gateway” implies, it is your online connection between your computer and your merchant account.
After your virtual terminal is set up, you would process payments by logging into your account on a secure website hosted by the virtual terminal company.
Inside your account you would find a number of account settings and options allowing you to charge, refund and void customer’s transactions.
You can also generate reports to track all of the payments processed for a given time period.
So what are the advantages for using a virtual terminal?
- There is no software to buy
- No computer issues to worry about
- No customer databases to back up and maintain
Payment security and flexibility for a nominal monthly fee allows you to process credit cards virtually anywhere. As long as you have an internet connection you can charge, refund, and monitor your cash flow.
Merchant Account Set Up
Are you ready to discover how a virtual terminal can help you accept credit cards for your business?
If so, there are a couple of ways you can get started.
You can request a merchant account quote. Simply fill out the short form and we will contact the appropriate merchant account providers for you.
You can download a free report of the Merchant Account Guide. Just follow the link to download your copy today.
Finally, you can follow the link to our merchant account directory to scan a list of merchant account providers in your area.
Comments? Questions? Other merchant account issue you’d like to share?
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Specializing in small and medium-sized businesses in both traditional and Internet environments, we have one of the highest merchant acceptance rates in the industry, with most applications approved within two business days.
In addition, our technological advances have effectively harnessed and exceeded the growing demands in the processing industry—allowing us to support nearly every vertical market with increasing and profitable business solutions.
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Hi Dat To, thanks for the kind comments. Your site looks different as well. I like it. If you would like to list your business here let me know. And if you would like to guest blog I would be happy to post some of your content here.